KC News and Press, Kingsoft Cloud Holdings Limited From 07/27/22

BEIJING, July 27, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its filing of an application with the Stoc...

Kingsoft Cloud’s shares fell after it stopped an author from accessing her novel saved on its platform on suspicion she may have violated Chinese law. The cloud services provider’s shares have lost three-quarters of their value this year on concerns about U.S.-China tens...

Gainers: Diebold Nixdorf ( DBD ) +25% . voxeljet AG ( VJET ) +18% . CI&T ( CINT ) +15% . AmpliTech Group ( AMPG ) +12% . Velo3D ( VLD ) +11% . Losers: SOS ( SOS ) -8% . Kingsoft Cloud ( KC ) -7% . Soluna ( SLNH ...

Baidu ( NASDAQ: BIDU ), Alibaba ( NYSE: BABA ) and JD.com ( NASDAQ: JD ) jumped on Thursday as Bloomberg reported that China is considering letting local governments sell up to $220B in bonds aimed at infrastructure spending to boost the economy. The news...

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Kingsoft Cloud is a leading cloud service provider in China, and the country’s biggest cloud-only player. China’s market for cloud infrastructure is expected to reach approximately $85 billion by 2026—implying a 5-year CAGR of 25%. Kingsoft is poised to benefi...

Kingsoft Cloud's Q2 2022 revenue guidance was disappointing, and it is telling that KC didn't issue management guidance for full-year 2022 top-line expectations. But I am positive about KC's future profitability, as the company expects to achieve EBITDA breakeven in the final quarter ...

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Stocks suffered a setback on Wednesday, losing ground after two days of modest gains. Overall, the major averages continue to show a lack of direction, as investors remain worried about inflation, interest rates and the possibility of an eventual recession. Scotts Miracle-Gro (NYSE:SMG) was a...